Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution
Nigeria’s latest Gross Domestic Product (GDP) rebasing has revealed a major shift in the country’s growth structure, showing that non-oil…
Category: Local
Ghana Sets Highest Cocoa Farmgate Price in West Africa – COCOBOD Defends Farmers’ Earnings
The Ghana Cocoa Board (COCOBOD) has rejected claims that cocoa farmers in Ghana earn less than their counterparts in Côte…
Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market
The Bank of Ghana (BoG) has issued a new directive prohibiting banks from allowing large corporates to withdraw foreign currency…
PepsiCo, DP World Invest $20m in Lagos Facility to Boost Nigeria’s Economy and Job Creation
The Federal Government has welcomed a fresh wave of foreign investment as PepsiCo and DP World commissioned a $20 million production…
Nigerian Stock Market Extends Losses as CHAMPION, AUSTINLAZ Lead Gainers Despite 0.73% ASI Drop
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 20, 2025, as the All-Share Index (ASI) fell by…
Global Exchanges Warn of Risks as Public Markets Continue to Shrink
The World Federation of Exchanges (WFE) has raised concerns over the continued decline of public markets, warning that the trend…
Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears
Nigerian banks are expected to raise an additional N900 billion in fresh capital by the end of 2025, as lenders race…
Google, Microsoft, TikTok Shut Down 13.5m Accounts in Nigeria Over Online Safety Violations
Big tech companies — Google, Microsoft, and TikTok — deactivated more than 13.5 million accounts in Nigeria in 2024 as part of…
Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity
Nigeria recorded a significant rise in foreign exchange (FX) inflows from corporates in July 2025, providing some relief to the…
Edun, Cardoso Vow Stronger Fiscal and Monetary Policy Alignment to Boost Nigeria’s Economy
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of…
DMO to Re-Issue N230bn Treasury Bills as Yields Rise Amid Liquidity Shifts
The Debt Management Office (DMO) has announced plans to re-issue N230 billion worth of Nigerian Treasury Bills (NTBs) at the next primary…
Tinubu Abolishes 5% Telecom Excise Duty to Reduce Subscriber Costs and Boost Digital Growth
President Bola Tinubu has officially abolished the five per cent excise duty on telecommunications services as part of Nigeria’s new…
Nigeria Content Creators to Explore AI at NEMCEA 2025 Summit in Lagos
Content creators in Nigeria are set to gain fresh insights into the power of artificial intelligence (AI) at this year’s…
How to Buy the Best Bank Stocks in Nigeria: Tier-1 vs Tier-2 Investment Opportunities on the NGX
Nigerian banks dominate the Nigerian Exchange (NGX) with a market capitalization of over ₦16.28 trillion, making them some of the most…
CBN Unveils Digital Finance Roadmap to Boost Financial Inclusion and Economic Growth in Nigeria
The Central Bank of Nigeria (CBN) has intensified efforts to drive financial inclusion through a comprehensive digital finance strategy aimed…
Ghana Finance Ministry Completes GH¢9.7bn Coupon Payment Under Domestic Debt Exchange Programme
The Ministry of Finance has announced the successful completion of a GH¢9.7 billion coupon payment under the Domestic Debt Exchange…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt – Report
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at approximately N341 trillion, according to a…
PenCom Blacklists Seven Mortgage Banks, Suspends RSA-Backed Equity Contributions
The National Pension Commission (PenCom) has suspended the processing of equity contribution applications from seven Primary Mortgage Banks over alleged…
Nigeria Tops Africa’s Stablecoin Market with $22 Billion Transactions in One Year – Report
Nigeria has solidified its position as Africa’s largest stablecoin market, processing nearly $22 billion worth of transactions between July 2023 and…
SEC to Introduce Forex Trading Guidelines in Ghana to Boost Investor Confidence
The Securities and Exchange Commission (SEC) has announced plans to roll out new regulatory guidelines for forex trading in Ghana,…
Cedi Weakens on Interbank Market as Analysts Warn of Rising Dollar Pressures
The Ghanaian cedi weakened on the interbank market last week, with market analysts warning that near-term pressures against the U.S.…
Naira Weakens Slightly to ₦1,533/$ as CBN Interventions Sustain Market Stability
The Nigerian naira opened the week weaker at ₦1,533.67 per dollar at the official Nigerian Foreign Exchange Market, according to figures published…
Nigeria to Host Global Gas Investment Forum 2025 in Lagos, Attracting Top Energy Leaders
Nigeria is set to host leading global gas investors and industry executives this October as preparations intensify for the 2025…
Accesscorp, MTNN, Others Drive NGX Growth as Market Gains N61bn
The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note as the benchmark All-Share Index (ASI)…
CBN Unveils Digital Roadmap to Boost Financial Inclusion in Nigeria
The Central Bank of Nigeria (CBN) has intensified its push for a digitally empowered economy through a roadmap designed to…
Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark Nigeria’s foreign exchange reserves have surged past the $40 billion threshold,…
Nigeria Sustains Oil Production Above OPEC Quota for Second Straight Month
Nigeria’s crude oil production exceeded its OPEC quota for the second consecutive month, hitting an average of 1.507 million barrels…
Food Price Surge Threatens Inflation Gains, CPPE Warns — Urges Structural Reforms
Despite a decline in headline inflation for the fourth consecutive month, the Centre for the Promotion of Private Enterprise (CPPE)…
Top 10 Nigerian Stocks with Highest Dividend Payouts in H1 2025 — Over N927 Billion Returned to Investors
In the first half of 2025, Nigerian listed companies returned a staggering ₦927.63 billion in cash dividends to shareholders, marking…
Telecom Operators Warn of Investment Drop in Nigerian States with Hostile Policies – ALTON
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has raised concerns that some Nigerian states may miss out on…